- Belvo developed a new solution allows credit lenders in Latin America to get a real picture of their clients’ income
- The solution uses Belvo’s API to access customer data, then aggregates and enriches this information
- This new income verification product already available in beta the first one designed to meet the particular needs
- Only 18 percent of adults Latin America use credit products from financial institutions, compared to 68 percent in the US
- Credit lenders lack access to available sources of data can use to create accurate risk models for their product offering
- Belvo developed a data-science-based model that analyzes user account movements to find patterns in the frequency
Belvo: Applies Open Banking to help lenders in Latin America
